While the global economic downturn will affect China's exports, the domestic economy is expected to remain strong, said panelists. China's economy has transformed from an export-driven economy to a domestically driven economy.

Given its size, the Chinese domestic market is strategically important for all global companies striving to maintain their global positions. In the short term, companies doing business in China will face challenges such as an underdeveloped infrastructure, unfamiliar business structures, and limited skills among middle- and upper-level managers.

Despite these obstacles, the current and long-term potential in China is immense.

Key concepts include:

Economic growth will continue in China, driven by domestic consumption.